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Suppose that $56,000 is invested at 6 % interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Graph the function. c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. d) When will the amount of money in the account reach $300,000? ... c) Find the amount of money in the account at t = 0, 3, 8, and 10 years. The amount of money in the account at t= 0 years is $ (Round to the nearest dollar as needed.) The amount of money in the account at t= 3 years is $ (Round to the nearest dollar as needed.) The amount of money in the account at t = 8 years is $ (Round to the nearest dollar as needed.) vie

Suppose that $56,000 is invested at 6 % interest, compounded quarterly. a) Find the function for the amount to which the investment grows after t years. b) Graph the function. c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. d) When will the amount of money in the account reach $300,000? ... c) Find the amount of money in the account at t = 0, 3, 8, and 10 years. The amount of money in the account at t= 0 years is $ (Round to the nearest dollar as needed.) The amount of money in the account at t= 3 years is $ (Round to the nearest dollar as needed.) The amount of money in the account at t = 8 years is $ (Round to the nearest dollar as needed.) vie

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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1 Suppose that $56,000 is invested at 6-% interest, compounded quarterly. 2 a) Find the function for the amount to which the investment grows after t years. b) Graph the function. c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. d) When will the amount of money in the account reach $300,000? c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. The amount of money in the account at t= 0 years is $ (Round to the nearest dollar as needed.) The amount of money in the account at t = 3 years is $ (Round to the nearest dollar as needed.) The amount of money in the account att 8 years is $ (Round to the nearest dollar as needed.) vie
Transcribed Image Text:1 Suppose that $56,000 is invested at 6-% interest, compounded quarterly. 2 a) Find the function for the amount to which the investment grows after t years. b) Graph the function. c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. d) When will the amount of money in the account reach $300,000? c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. The amount of money in the account at t= 0 years is $ (Round to the nearest dollar as needed.) The amount of money in the account at t = 3 years is $ (Round to the nearest dollar as needed.) The amount of money in the account att 8 years is $ (Round to the nearest dollar as needed.) vie
1 Suppose that $56,000 is invested at 6,% interest, compounded quarterly. 2 a) Find the function for the amount to which the investment grows after t years. b) Graph the function. c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. d) When will the amount of money in the account reach $300,000? ... a) The function for the amount to which the investment grows aftert years is A(t) = in d (Simplify your answer. Type an expression using t as the variable.) %3D b) Graph the function. Choose the correct answer below. Use the viewing window [0, 50, 0, 500,000] with Xscl =5 and Yscl = 50,000. O A. O B. in GE
Transcribed Image Text:1 Suppose that $56,000 is invested at 6,% interest, compounded quarterly. 2 a) Find the function for the amount to which the investment grows after t years. b) Graph the function. c) Find the amount of money in the account at t= 0, 3, 8, and 10 years. d) When will the amount of money in the account reach $300,000? ... a) The function for the amount to which the investment grows aftert years is A(t) = in d (Simplify your answer. Type an expression using t as the variable.) %3D b) Graph the function. Choose the correct answer below. Use the viewing window [0, 50, 0, 500,000] with Xscl =5 and Yscl = 50,000. O A. O B. in GE
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